Pitkin Health Care Products provides the following alphabetic list of accounts and their respective balances. All accounts have normal balances, and income statement account balances are for the year ending December 31, 20X4. A physical count of merchandise inventory on hand at year end revealed a balance of $277,390. Use this information to prepare a comprehensive income statement.
	Accounts payable	$ 93,789
	Accounts receivable	82,890
	Accumulated depreciation	166,554
	Beginning inventory, Jan. 1	244,956
	Capital stock	144,000
	Cash	25,442
	Depreciation expense	65,990
	Dividends	12,000
	Equipment	324,556
	Freight-in	43,441
	Freight-out	3,566
	Insurance expense	8,700
	Marketing expense	111,991
	Note Payable	250,000
	Purchase discounts	1,788
	Purchase returns & allowances	6,665
	Purchases	433,443
	Rent expense	42,335
	Retained earnings, Jan. 1	24,327
	Salaries expense	233,998
	Salaries payable	9,955
	Sales	977,932
	Sales discounts	8,817
	Sales returns and allowances	13,998
	Utilities expense	18,887